The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th July 2014 at PHD House.
The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th #
India’s technical textiles market which currently is estimated at USD 14 billion is likely to reach a level of USD 32 billion by 2023, hitting a Compounded Annual Growth Rate (CAGR) of 9%, the way the domestic textiles industry is diversifying towards non-woven technical textiles with technological innovations and building global partnership with its counterparts, revealed a paper brought out by PHD Chamber of Commerce and Industry and Technopak on “Non-Woven Technical Textiles: Opportunities and Challenges”.
The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th #
The paper released at the National Seminar on “Non-Woven Technical Textiles: Opportunities & Challenges” by, Mr. Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council (NMCC) with Mr. Anil Khaitan, Chairman, Industry Affairs Committee of the PHD Chamber, Mr. Ram Singh, Director, Ministry of Textiles and Mr. Vivek Seigell, Senior Secretary, PHD Chamber further states that textiles and apparel industry size would balloon at USD 226 billion by 2023.
The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th #
Immediately after releasing the paper, Sh. Ajay Shankar Member Secretary, NMCC pointed out that “given the scope of the technical textiles in emerging economies, the Government of India and the industry needed to build a close partnership and roll out their joint vision for development and promotion of technical textiles now, setting targets for 2025.”
The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th #
Shri Anil Khaitan, Chairman, Industry Affairs Committee, PHD Chamber in his welcoming address said that Inadequate awareness about the benefits of technical textiles among end-users; Lower scale of production; Absence of defined standards and regulations; Lack of indigenous availability of specialized raw-materials hampering cost competitiveness; Lack of skilled manpower for new technologies in Nonwovens; Lack of technology/consultancy support to manufacturers; Lack of basic infrastructure and lack of training / educational facilities are few important issues which need to be addressed in order to accelerate the growth of technical textiles.
The PHD Chamber of Commerce and Industry organized second National Seminar on Non Woven Technical Textiles: Opportunities and Challenges on 4th #
During the vote of thanks at the inaugural session Mr. Vivek Seigell said, “India’s consumer spending is going through a fundamental shift. The increase in per capita income, strong demand for better lifestyle and high disposable income have increased the per capital consumption in textiles and apparel market, benefiting the manufacturers. The Indian technical textiles market has shown new trends due to the expansion of Indian market”.
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